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Strategies & Market Trends : Trading CCSI

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To: Brenda L. Greer who wrote (1)9/26/1998 7:04:00 PM
From: Jeffrey L. Henken  Read Replies (1) of 8
 
Brenda even MSFT and CSCO have had some periods of time where a lucky investor might have made money by trading in and out. I would not recommend selling an entire position but at least a certain portion. I am hoping that CCSI has bottomed again and will be on another short term rise to near 5. I think it would be advisable for an investor with a smallish position like myself to sell 1/2 of their position at that level based on previous failures of the stock to sustain a rise.

Buy back more shares lower

I am not suggesting selling all the shares an investor holds because I too feel CCSI has the potential to develop into not just a great trading stock but also a great company. The thing is that CCSI must announce more than just a deal with Nordstroms or the shorts will continue to put a lid on any progress for the stock. Please check out the chart:

dailystocks.net

If CCSI can break through the 50 day average at 5, and sustain a rise, then I would recommend holding for further gains.

On Monday if the stock continues to move higher then I would suggest that those who are interested in CCSI because they believe in the company or even like the idea of trading the stock buy or buy more CCSI because the downside is much more limited than CCSI shorts would like us to believe. If I am right then the opportunity for a nice gain in a relatively short period of time certainly exists. Especially if it's a while yet before CCSI announces any real progress. Lets face it without a manufacturing contract every hopeful rally will be followed by another quick decline. This week I think we get a rally. So as I said:

Buy, Buy, BUY!

InvestRight


Regards, Jeff
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